Shell Companies And PPP Fraud

If you’re currently under investigation for crimes related to shell companies and PPP fraud, it’s vital that you speak with a qualified criminal defense attorney who can help protect your rights and your future. Our lead attorney at Stechschulte Nell serves the greater Tampa area in both state and federal cases, including PPP fraud claims. After graduating from one of the top law schools in the country for trial advocacy, Ben Stechschulte went on to become recognized as a Rising Star by Super Lawyers® for his criminal defense work. If you’re looking for a trusted representative for your case, contact us today to speak with a top legal advisor.

Federal Crackdown On Shell Companies In PPP Loan Fraud Cases

During the 2020 COVID-19 pandemic, the Paycheck Protection Program (PPP) was introduced to support small businesses struggling to stay afloat. With employees and customers forced to stay home, sales dropped for many companies, resulting in a tough economic time for many small business owners. Unfortunately, the rapid deployment of PPP funds also led to a rise in fraudulent activity involving shell companies and PPP fraud.

Shell companies are businesses that exist only on paper and have no major assets. They are often created for fraudulent purposes—in this case, to receive federal relief funds. Federal investigations uncovered shell companies that had no employees, revenue, or business operations. The owners of these entities applied for large loans based on falsified financial information, often claiming fake payroll expenses or fabricated tax records. Some cases of COVID-19 loan scams had individuals using made-up names or stolen identities to give the appearance of a legitimate business. Others were tied to broader PPP loan schemes, where multiple shell corporations were created to siphon off millions in relief funds.

As authorities continue to pursue investigations on shell corporation Paycheck Protection Program scams, those involved may face serious charges, including wire fraud, conspiracy, and money laundering. If you are under investigation for PPP loan fraud or have questions about a past PPP loan, our criminal defense team is here to help.

We Secure Successful Results In Criminal Cases

We’ve proven our worth over countless cases, helping to reduce charges and prison sentences and allowing our clients to move on with their lives. In one case we worked on, our client was accused of $300,000 in false wire fraud transactions. He was facing a 51-month federal prison sentence, but we were able to get his sentence reduced to just 26 months. In another case, our client was facing an almost $1 million bond. Our diligence in this case paid off when we were able to cut that bond in half, allowing our client to be released.

Whether you’re facing assault, DUI, fraud, battery, or other criminal charges, we’ve got you covered. Our dedicated attorneys will work hard to help you through your legal battle, offering invaluable legal support and guidance throughout the entire process.

Get Trusted Legal Support

If you’re dealing with criminal charges regarding shell companies and PPP fraud, let our attorneys at Stechschulte Nell guide you through the process. We’ll look over the details of your case, help you through any proceedings and paperwork, and work tirelessly to reduce or eradicate your charges. Contact us today to get started.